Sterlite Technologies, included within the 12 months 2000, is a Mid Cap firm (having a market cap of Rs 7101.25 Crore) working in Cables sector.
. key Products/Revenue Segments embody Income from Project Development, Cable Telephone System (CTS), Software Products, Sale of companies, Export Incentives, Scrap and Other Operating Revenue for the 12 months ending 31-Mar-2022.
For the quarter ended 30-09-2022, the corporate has reported a Consolidated Total Income of Rs 1797.00 Crore, up 13.73 % from final quarter Total Income of Rs 1580.00 Crore and up 18.71 % from final 12 months similar quarter Total Income of Rs 1513.77 Crore. Company has reported internet revenue after tax of Rs 38.00 Crore in newest quarter.
The firm’s prime administration contains Mr. Anil Agarwal, Mr. Pravin Agarwal, Dr. Anand Agarwal, Mr. Ankit Agarwal, Mr. Sandip Das, Ms. Kumud Srinivasan, Mr. S Madhavan, Mr. B J Arun. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 30-06-2022, the corporate has a complete of 40 Crore shares excellent.
The firm is uniquely positioned to profit from 5G/ FTTH deployment cycle each domestically and globally. The brokerage believes that with renewed concentrate on ramping down/exiting loss making section and focussing on enhancing companies section profitability, Sterilte will seemingly see enchancment in earnings momentum forward. Thus, it upgraded the inventory to BUY from HOLD earlier.
Promoters held 54.15 per cent stake within the firm as of 30-Jun-2022, whereas FIIs owned 6.03 per cent, DIIs 7.16 per cent.
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